Bitcoin is currently on an uptrend on a monthly basis and there was a weekly close below yearly pivot but not a monthly one. Until there is a monthly close below yearly pivot, it can be bought at every dip. Trendline is also a confluence factor on this chart.
I am long and let's see it we can make it to 9300 levels and start to rise quickly afterwards. Stops...
BTC dropped sharply however fundamentals have not yet changed and it is very supportive for BTC in the long run.
Currently I am slightly bearish but looking for a massive buy signal at the inflection point stated on the chart. It coincides with yearly pivot as well.
Being Long only in BTC, requires a lot of patience to make money. A high probability trade only could occur at the target support level on 3 Months basis in BTC for the moment. The both technical indicator and major support are in conjunction and recent price action confirms the price is set to move downward (for now).
It can be expected for a bounce up to 10085...
200 MA on BTC 3 day chart (kind of long term) is sloping down now. According to years of trading experience, when that happens, price generally trends lower until it hits that particular timeframe 200MA.
Despite the good BTC news price does not seem to rise. Rumors say China will be introducing some sort of digital Yuan. There are also rumors that several...
Bitcoin still feels not ready for prime time to me, given the fact that it closed below last month's close price (2 day basis on 15th August). We had an intraday closing below last month's close price again today. I would say it is just consolidating for the moment.
I still expect a bull trap around last month's open price and will look sell at this price until...
This update is an hourly view of the previous analysis and the trendline is invalidated before halving!
This suggests that the market is currently weak and it is bearish. The ultimate support for LTC at the target price stated on the charts (6 Month closing price)
Prior to halving, technicals still suggest that uptrend in the 2. half of the year started with a 12 hour basis reversal with clear trendlines and price levels.
In order to conclude the bullish bias, I will be looking at the blue line and if it closes below, then I will pause with the bullish view. If it closes below the trendline on a 12H basis, then I will...
Mid Term trend has reversed today as last week's inside day is invalidated on a daily basis.
10Y Turkish Bonds also lowered today confirming the direction the trend. Also Turkish Central Bank was a net seller at 5.4 with 800K+ contracts in futures market.
4.52 target is still on cards unless price reverses sharply above trendline.
Supply side of the market is quite strong. Both red lines are critical levels of WTI and price may either bounce from the trendline or dips towards 48$.
We don't know anything yet so too soon to talk about. But watching it quite closely.